Tyson Foods, Inc. $TSN Shares Acquired by M&T Bank Corp

M&T Bank Corp lifted its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 54.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,660 shares of the company’s stock after purchasing an additional 11,160 shares during the quarter. M&T Bank Corp’s holdings in Tyson Foods were worth $1,857,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Markel Group Inc. lifted its holdings in Tyson Foods by 4.0% in the 3rd quarter. Markel Group Inc. now owns 848,500 shares of the company’s stock valued at $46,074,000 after purchasing an additional 32,500 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Tyson Foods by 73.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,879,219 shares of the company’s stock valued at $102,042,000 after purchasing an additional 795,710 shares in the last quarter. Liberty One Investment Management LLC lifted its holdings in Tyson Foods by 32.1% in the 3rd quarter. Liberty One Investment Management LLC now owns 113,798 shares of the company’s stock valued at $6,179,000 after purchasing an additional 27,627 shares in the last quarter. Polaris Capital Management LLC lifted its holdings in Tyson Foods by 20.4% in the 3rd quarter. Polaris Capital Management LLC now owns 543,248 shares of the company’s stock valued at $29,498,000 after purchasing an additional 91,900 shares in the last quarter. Finally, Inscription Capital LLC lifted its holdings in Tyson Foods by 262.9% in the 3rd quarter. Inscription Capital LLC now owns 26,964 shares of the company’s stock valued at $1,464,000 after purchasing an additional 19,533 shares in the last quarter. Institutional investors and hedge funds own 67.00% of the company’s stock.

Tyson Foods Stock Up 0.7%

NYSE TSN opened at $68.44 on Friday. Tyson Foods, Inc. has a 52 week low of $50.56 and a 52 week high of $69.48. The company has a quick ratio of 0.66, a current ratio of 1.83 and a debt-to-equity ratio of 0.44. The business’s fifty day simple moving average is $63.35 and its 200-day simple moving average is $60.08. The firm has a market cap of $24.09 billion, a PE ratio of 53.89, a P/E/G ratio of 1.39 and a beta of 0.40.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, May 4th. The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.76 by $0.11. Tyson Foods had a return on equity of 7.59% and a net margin of 0.81%.The business had revenue of $13.65 billion for the quarter, compared to analyst estimates of $13.63 billion. During the same quarter in the previous year, the firm earned $0.92 EPS. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. As a group, equities analysts anticipate that Tyson Foods, Inc. will post 4.1 earnings per share for the current year.

Tyson Foods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Tuesday, September 1st. Tyson Foods’s payout ratio is currently 160.63%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on TSN. Piper Sandler restated an “overweight” rating and issued a $80.00 price objective on shares of Tyson Foods in a report on Monday. Barclays raised their price objective on Tyson Foods from $75.00 to $78.00 and gave the company an “overweight” rating in a report on Tuesday, February 3rd. BMO Capital Markets restated an “outperform” rating on shares of Tyson Foods in a report on Tuesday. Stephens raised their price objective on Tyson Foods from $65.00 to $70.00 and gave the company an “equal weight” rating in a report on Tuesday. Finally, Mizuho began coverage on Tyson Foods in a report on Thursday, March 26th. They issued an “outperform” rating and a $72.00 price objective on the stock. Five analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $68.27.

Tyson Foods Company Profile

Tyson Foods, Inc (NYSE: TSN) is a multinational food company primarily engaged in the production, processing and marketing of protein-based and prepared food products. Founded in 1935 and headquartered in Springdale, Arkansas, the company is one of the world’s largest processors of chicken, beef and pork. Its operations span live animal procurement and farming relationships through slaughter, further processing and distribution, supplying raw protein and value-added prepared foods to retail, foodservice and industrial customers.

The company’s product portfolio covers fresh and frozen meats, branded and private-label prepared foods, and a range of value-added items such as ready-to-eat and ready-to-cook meals, snack and sandwich meats.